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Former chairman of Senate Mian Raza Rabbani has said that it will be "disastrous" if Pakistan approaches the International Monetary Fund (IMF) to seek another bailout.
Speaking to reporters on Monday, the PPP stalwart claimed that the statement by US Secretary of State Mike Pompeo opposing an IMF programme for Pakistan had shown that the Fund is an "instrument of imperialist powers".
"The imperialist powers want to use IMF and other institutions [for their interest]," he claimed.
The US has warned that it will be watching closely to ensure Pakistan does not use IMF money to repay debts to China, which has poured billions into the country for infrastructure projects under its Belt and Road Initiative.
Examine: Imran Khan and the IMF: Pakistan's bailout dilemma
Rabbani alleged that it was the agenda of the US to have conflicts prevail in this region and make Pakistan play a certain role.
Referring to Finance Minister Shamshad Akhtar's suggestion that Pakistan might have to approach the IMF after the new government is installed, he claimed that if the caretaker finance minister has prepared an IMF package for the country, "she has exceeded her legal mandate".
He said even if the new government plans on going to the IMF, the issue should be debated in the parliament first.
Pakistan is on the verge of a balance-of-payments crisis, which threatens the stability of its currency and its ability to repay debts or pay for imports.
The country has gone to the IMF repeatedly since the late 1980s. The last time was in 2013, when Islamabad got a $6.6 billion loan to tackle a similar crisis.
Today, the country “needs at least $12 billion”, according to Zeeshan Afzal, the director of Insight Securities, a Karachi-based consulting firm.
“We will have weeks, not months” to act, Asad Umar, widely tipped to be the next finance minister, told the Financial Times recently.
All options are on the table, he has tweeted, telling media that the new government is considering privatising all state-owned companies, including the debt-laden Pakistan International Airlines.
But there are fears that the terms of any new IMF bailout will be stricter than in 2013, thanks to the tense relationship between Islamabad and Washington, one of the Fund's biggest donors.
Read more
On DawnNews
Aug 06, 2018 01:52pm
What choices do we have . Maybe this champion of Democracy guide us on the solution .. the news has been created bec or PPP plundering for 5 years and then PLMN incompetence for 5 years
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Aug 06, 2018 01:52pm
From when he has become a Finance expert. When PPP and PMLN borrowed Rs 21 trillion during their rule , he was sleeping and now he is worried.All problems are due to their corrupt rule.
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Aug 06, 2018 01:53pm
look who's talking... After shamelessly defending the PPP government when it took one IMF lone after another, he has finally realized that IMF is "instrument of imperialist powers"
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Aug 06, 2018 01:54pm
So if you are right Mr. Rabbani, how else can we pay the debt and continue to have a balanced economy.
You do have the right to criticize but do also come up with solutions.
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Aug 06, 2018 01:55pm
The elected representatives have to run the country. Even if they have to beg to IMF, they should.
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Aug 06, 2018 01:57pm
How many times have PPP approached the IMF in the past?
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Aug 06, 2018 01:58pm
Can you guess who pushed Pakistan to wards the IMF .....and in the process filled their pockets as well ?
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Aug 06, 2018 01:58pm
After many decades in politics, he has said the right thing.
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Aug 06, 2018 02:00pm
I really admire Mr. Rabbani but does he or his party have any alternate suggestion...
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Aug 06, 2018 02:01pm
Now tell me the truth, how many times have you people been to the IMF.
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Aug 06, 2018 02:01pm
2008-2018 worst economical era of Pakistan bcoz of PPP and PMLN. Make them accountable ..
And obviously Mr Rabbani was a partner in crime.
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Aug 06, 2018 02:03pm
What other choices do we have. The country's economy was going into chaos under your nose and you kept quite. Now you have odacity to preach what is right and what is wrong. Shane.
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Aug 06, 2018 02:04pm
Where were you when Zardari and Nawaz went to IMF. Politicians like Rabani make me sick!
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Aug 06, 2018 02:04pm
IS this my feeling only that Raza Rabbani is crooked and hypocrite of highest order?
During 5 years of zardari and another 5 years of Pmln, during these 10 years he did not find that it was a imperialist formula that imf seeks, but all of a sudden as soon as PTI is in IMF is imperialist brain child.
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Aug 06, 2018 02:06pm
So what formula can PPP present, Is Zardari ready to bring in all looted money back, IMF is the need of the hour to start with.
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Aug 06, 2018 02:10pm
If only PPP and PMLN had done their job sincerely there would have been no need to seek IMF assistance. Raza Rabbani is only good at making statements. He doesn't have a single contribution to show for his long political career.
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Aug 06, 2018 02:15pm
Senate Mian Raza Rabbani simply playing politics as usual.
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Aug 06, 2018 02:15pm
"the Fund is an 'instrument of imperialist powers'. 'The imperialist powers want to use IMF'. The same imperialist powers brought the PPP into power in 2008, Senator. So what are you even talking about?
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Aug 06, 2018 02:17pm
This man is a liberal veil on Zardari and people’s Party corruption
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Aug 06, 2018 02:18pm
Mr. Rabbani please suggest alternate course of action.
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Aug 06, 2018 02:18pm
Pakistan should not knock at the door of American controlled IMF. Borrowing money from IMF is equivalent to surrendering your freedom and independence. Even a thought of asking for loan from IMF by the new PTI government is equivalent to surrendering Pakistan FREEDOM. To keep Pakistan FREE, Pakistan has to tighten its belt, do sacrifices and get all stolen money back in to Pakistan.
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Aug 06, 2018 02:24pm
What about your corrupt party PPP that was a slave to IMF. You have not only borrowed but also plundered the very same money that was meant to bail out this nation. Stop your hypocrisy and start counting your party days. Inshallah your leaders will rot in jail.
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Aug 06, 2018 02:25pm
He is right. Only Bhuttos, Zardaris and Sharifs could go to IMF and steal what they get. On the other hand, if IMF loan is taken and used properly than it would be disastrous for PPP and PMLN, because in next election PTI performance all over Pakistan would be similar to what happened in KPK and there would be no PPP and PMLN.
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Aug 06, 2018 02:27pm
This man never questioned the performance of sindh government
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Aug 06, 2018 02:34pm
Give some solutions.....
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Aug 06, 2018 02:40pm
Pathetic! It’s you and your friends who’s corruption brought us that low on economic front dear.
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Aug 06, 2018 02:41pm
raza rabbani should stick to senate issues. no one cares what he says.
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Aug 06, 2018 02:43pm
Sir, please kindly ask your party leaders to return millions of dollars of looted money, so we don’t have to go to IMF.
You are part of the problem, so kindly for once be part of the solution. Thank you!
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Aug 06, 2018 02:45pm
So Mr Rabbani - would you care to ask your party President to share his illegal fortune to pay national debt ?
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Aug 06, 2018 02:47pm
@salman .alot care except the pti blind followers who seem to have no understanding of any issue and are supporting decision of joining with mqm.even though mqm was behind killing of zohra shahid a pti pioneer.do you even have some integrity left.
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Aug 06, 2018 02:47pm
Whether it be IMF, China or the Saudis, all will demand their pound of flesh in return. No one bails out a nation for free, much less one in dire straits with limited options. The choice would be between expelling the Taliban and the Haqqanis, sending Pakistani troops to Yemen or leasing out Gwadar.
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Aug 06, 2018 02:48pm
It is because of your Party PPP and PMLN that the country has to approach IMF for help.
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Aug 06, 2018 02:49pm
If Raza rabbani and Co open up their wealth for Pakistan we definetly dont need to go to IMF
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Aug 06, 2018 02:51pm
Yes, Raza Rabbani will reimburse $12 billion from the looted money so the new government doesn't have to ask the IMF for more loans!
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Aug 06, 2018 02:59pm
Have youj just woke up, Mr Senator?
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Aug 06, 2018 02:59pm
How come all the previous years it wasn't an "instrument of imperialist powers". ???
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Aug 06, 2018 03:00pm
Come up with solution. simply criticizing is no productivity. All the politicians who enjoyed powers are responsible of current financial issue. Thanks to them. who put country in crises and then do politics for the sake of politics and never have been sincere to stabilize the country or use the loan in productive manners. Every project which seems vital for survival of the country is politicized which is the core activity of our politicians. PIA, Pakistan Steel Mill, Railway are 3 major public sectors which have been destroyed by them. It is known to every Pakistani that employments have been sold and or given on political basis. We requests to all politicians that please come up with solutions instead of leg pulling.
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Aug 06, 2018 03:01pm
Consult Ishaque Dar, the wizard of finances if you can find him.
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Aug 06, 2018 03:02pm
@salman
Mr. salman
Congratulations on your comment.
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Aug 06, 2018 03:03pm
This advice would have been of great worth if u would have put forward before ur leader Mr Zardari when u had government and u left no single private government national or international bank from where u did not take loan.
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Aug 06, 2018 03:03pm
Yes, lets discuss it in the Senate and explore other options including the laundered money in Swiss bank belonging to you all politicians particularly Zardari, Talpur, Nawaz, etc. to bring back to Pakistan. My soul and blood has been looted over decades under your adroit nose, and nothing on this aspects shame you all, except politicking for power.
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Aug 06, 2018 03:05pm
It’s easy to object to an imf bailout but what are the alternatives Mr Rabbani?
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Aug 06, 2018 03:07pm
@salman irrespective of the party he is associated with I think he is one of the most straight forward and sensible person in Pakistani politics!!! Yes I agree IMF always been and it’s a recipe of distaster for Pak economy especially if the amount of loan is whopping US$12 billion
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Aug 06, 2018 03:09pm
Wasn't his government in charge when most of this money was borrowed?
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Aug 06, 2018 03:14pm
The better course of action for Mr. Rabbani, the staunch Democrat and great patriot, would be to ask Mr. Asif Ali Zardari to give back 12 Billion Dollars back to the Nation from the allegedly plundered 22 Billion Dollars.
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Aug 06, 2018 03:14pm
All of a sudden this man has started talking intelligently but the question is where was his intelligence in the last 10 years.
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Aug 06, 2018 03:25pm
why don't you ask mr zardari to provide some loan to pskistan.
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Aug 06, 2018 03:27pm
Why criticize IMF or US. IMF has a purpose of lender of last resort. Pakistan has a choice of not going to IMF. They have already used IMF for fourteen times.
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Aug 06, 2018 03:28pm
@salman He was sleeping all throughout last 10 years, all of sudden he woke up and saw Pakistan in financial trouble, but he is fine with Zardari and Nawaz Sharif looting, never spoke a word, shame.
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Aug 06, 2018 03:32pm
Where was he in the last 10years?
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Aug 06, 2018 03:33pm
Why is Rabbani talking He should have opened his mouth against the IMF when he was Chairman Senate
Also against the infamous 18th Amendment hijacking funds by the provinces to serve despots like Zardari and Nawaz
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Aug 06, 2018 03:33pm
frankly, if people have not yet realized 'Loans' are supposed to be paid back, who do you expect to lend you the money??
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Aug 06, 2018 03:37pm
Yes we agree. You should have stopped PPP and PML-N stealing the money in such substantial quality over last year.
Anything said by corrupt politicians, or their associates has a smell of insincerity and complete ’fake’ concern
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Aug 06, 2018 03:43pm
Pompeo raises a valid point. China is using loans as an instrument to extend its control over vulnerable countries. No reason why the rest of the world should facilitate that and hand over money to be paid out to China...! Let them take the hit on their unsustainable debt.
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Aug 06, 2018 03:44pm
What is his background? Is he competent enough to make such calls?? Better he should think about PPP fate!!
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Aug 06, 2018 03:50pm
Rabbani sahib, you should have told this to your government too....
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Aug 06, 2018 03:52pm
Good for nothing supporter of corrupts. Why dont u just leave Pakistan alone.
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Aug 06, 2018 04:04pm
Stating the obvious, a known to meuch of the world for decades, does not deserve any applause!
Rather than suggesting alternative solutions, they can only cast doubts on anything the goverment does. Shows how ill-prepared and unskilled these people are to govern - should they ever win the elections.
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Aug 06, 2018 04:05pm
Raza sb .. any suggestions...Leaders show the way... sir...You should tell yourself frequently 'I will only react to constructive suggestions.' This gives you positive ammunition against your own negative thoughts and those of others.
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Aug 06, 2018 04:07pm
sure
don't go
and then who will you borrow from?
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Aug 06, 2018 04:07pm
Look who’s talking
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Aug 06, 2018 04:11pm
Raza sahib, ask your beloved colleagues to help pakistan in not going to imf.
No harsh words can describe your party looting schemes of the past. And you cry for wrong reasons!
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Aug 06, 2018 04:12pm
Bankrupt
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Aug 06, 2018 04:18pm
People like him have veneer of respectability but the reality is completely different. People should stick to their parameters and leave the relevant tasks to those whose task it is to deal with it. The previous governments are wholly responsible for the country’s predicament because of bad governance and massive corruption. The incoming government will have to do what it can under adverse circumstances to salvage the country from economic ruins. The least that opponents can do is keep their mouths shut and quietly cooperate with the new government rather than creating hurdles and obstruction in their path
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Aug 06, 2018 04:19pm
Should lenders keep on lending to Pakistan without asking any questions?
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Aug 06, 2018 04:21pm
Very strange; such a seasoned and experienced Politician (Ex-Chairman Senate) now came to know that IMF is "instrument of imperialist powers".
It was never disastrous when his mentor Asif Ali Zardari & PPP went for IMF packages/bail outs... Niether the lute and plunder of PPP and PMLN regimes was disastrous....
Hypocrisy at its peak.
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Aug 06, 2018 04:23pm
Rightly said, but Raza knows we are considering IMF options because of his corrupt friends in PPP and PMLN.
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Aug 06, 2018 04:23pm
The reason of disaster are your own party PPP and your co-party PML-N, what these two did in past ten years?
Very sad situation, I am surprised.
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Aug 06, 2018 04:23pm
@Dr. Salaria, Aamir Ahmad . There is not a single penny in the treasury,if debt servicing is not done country will stand bankrupt
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Aug 06, 2018 04:24pm
If the new government seizes all Sharif family assets at home and abroad and repatriats the money sitting in foreing accounts, liquidates their properties in London and Dubai and other assets held by Sharif family - to the tune of $2 billion, that reduces the immediate bailout to $10 billion.
So far, I've not seen or heard of any efforts by the courts or the governent to confiscate the looted assets and file claims and abroad to freeze the accounts held by Sharif family, their cronies and fake figures to hide the money trail. The Sharif Mansion in Emirates Hills, Dubai, is alone worth $10 million.
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Aug 06, 2018 04:25pm
I hope Mr. Raza Rabbani and all Politicians making such silly statements, reads the comments here. This is the reflection of your own sir.
Your incompetency leads us here.
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Aug 06, 2018 04:27pm
The fact of the matter is that Asad Umer is more competent and more sincere towards Pakistan than you. If he says its the better option then it probably is. After all, if you guys were competent and sincere, we wouldn't have voted him in.
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Aug 06, 2018 04:39pm
Where was Mr. Rabbani when the PPP and PML-N were squandering loans and have brought Pakistan t this state of affairs. Does he have any better suggestions? other than opposition
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Aug 06, 2018 04:39pm
1976 debt srvs 11%
1984 debt srvs 19%
2018 debt srvs 45%
Defense known/unknown budget 35-40%
Infrastructure 12-15%
Corruption 2-3%
Pakistan's welfare hardly 5% of which 60-75% is never executed....
The above figures are per year....
And forget about our uneducated people of Pakistan but the most educated continue to live in denial.... before they need financial help, they need psychiatric help... utter SAD....
But thanks to extraterrestrials....
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Aug 06, 2018 04:44pm
Put all the corrupt people behind bars until they pay back all the looted money back
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Aug 06, 2018 04:50pm
He is a hypocrite. Why didn't he say this in last 2 governments?
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Aug 06, 2018 04:50pm
Let the new govt decide. Thanks for concern
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Aug 06, 2018 04:52pm
U have any solutions? Ranting can be done by anyone?
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Aug 06, 2018 04:55pm
So where is the CPEC fruits?
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Aug 06, 2018 04:58pm
When you and your partner nawaz went to IMF then that time it was not disastrous
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Aug 06, 2018 05:03pm
So he wants Pakistan to go to Saudis for money instead, so Saudis can then bail these corrupt politicians out of the country as a bargain term. The same corrupt group of politicians whose merciless plundering has put the country in this trouble in the first place.
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Aug 06, 2018 05:04pm
Where was this Eisenstein and champion of Democracy when his arty and N were plundering and borrowing from left right did they debate it in the parliament before they borrowed so much loan.
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Aug 06, 2018 05:07pm
Raza Rabbani where have you been for the last 10 years during rule of PPP & PML-N when PPP & PML-N were begging and borrowing from the IMF were you a sleep , it is hypocrites like you who give democracy a bad name
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Aug 06, 2018 05:08pm
Mr Rabbani, where were you when Nawaz Sharif was racking up the loans onto the country ? Isn't it your duty to keep a check in Senate ? Where else PTI should now go except IMF ? Please also recommend a solution instead of the problem.
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Aug 06, 2018 05:14pm
We don’t need to go to IMF, just capture all the corrupt and make them sign Chequers and seize all their properties abroad and in Pakistan
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Aug 06, 2018 05:15pm
Instead of giving other prose and cons , he should have suggested some other viable alternative. Any, way we have full confidence in our in coming P M, He is aware of the crisis and must have thought the remedy by now.
Please don't give vague things to confuse people.
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Aug 06, 2018 05:23pm
Mr Rabbani and his party left the economy @ 2% growth, falling export, 15% inflation and huge public debt ( much more than they took over), and he dares to lecture on how to manage a 5.8% growth economy. Pseudo intellectualism at its peak.
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Aug 06, 2018 05:25pm
Mr Rabbani!! Think what you have had done when in power.
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Aug 06, 2018 05:31pm
What a turncoat and amazing how things change... Same people who git us into this hole.. maybe we can have Mr Zardari give us back 12 Billion from the money he laundered.
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Aug 06, 2018 05:51pm
Why did he not object or where was he when previous governments PMLN and PPP were sinking the economy almost deliberately?? Also what solution does he propose in the current situation??
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Aug 06, 2018 05:59pm
Mr. Rabbani, it is because of your party leaderships rampant mismanagement/corruption that Pakistan is forced to go beg for money. So spare us your good for nothing advice and let the PTI government do its job.
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Aug 06, 2018 06:03pm
12 billion dollars is nearly a quarter of the entire CPEC portfolio of projects . Without any major revenue generating projects announced by PTI , where would the money be expenses .
Already the debt to GDP ratio was 72 percent and no revenue generating plans announced as yet .
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Aug 06, 2018 06:06pm
I am watching these intellectual politicians since my childhood, million dollar question is when they will retire. Nation is tired of listening their intellectual discussions.
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Aug 06, 2018 06:15pm
So Rabbani suddenly had this epiphany after 10 yrs of going to IMF?
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Aug 06, 2018 06:24pm
Even now it's not too late. Resolve all the differences with India and enjoy sufficient trade with the 6th largest economy in the world.
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Aug 06, 2018 06:29pm
It is time to tell these old politicians to shut up and let IK do the best. They already had their chance and the IMF loan their respective leader got went to their own coffers in UK and UAE
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Aug 06, 2018 06:32pm
They may have gone thousands of times to IMF, so if PTI goes what is the difference?
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Aug 06, 2018 06:41pm
Look who is talking. Those responsible for this miserable condition are suggesting debates. Instead He should give alternative. Like returning looted money
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Aug 06, 2018 06:41pm
@Reality check
Is that you, Mr. Rabbani?? You do need a reality check.
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Aug 06, 2018 06:41pm
What a mess through mismanagement has been created for cleansing by the new Government? What magic IK has to tackle this issue with all the adverse conditions created by others who don,t want a Pakistan standing on it,s feet.
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Aug 06, 2018 06:47pm
China is the reason of this heavy debt. CPEC is very good infra but it’s not giving much other than temporary employment.
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Aug 06, 2018 06:51pm
And yet your party (PPP) has decided to support the main culprit for the sake of democracy.
Sir jee, why don’t you ask PMLN senators these questions instead of talking here.
Have some self respect....
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Aug 06, 2018 06:56pm
Mr. Rabbani should come forward with a new suggestion instead of looking for weakness and score political points.
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Aug 06, 2018 06:57pm
Many a Pakistani made remarks such that America should leave Pakistan alone, Pakistan does not need America, etc, etc. Most of the comments under this piece makes no mention of those old feelings. Looks like the general view is that Pakistan should approach the IMF despite the chances of America blocking the loan. Why this change of mind?
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Aug 06, 2018 07:00pm
Former chairman of the Senate Mian Raza Rabbani says that it will be "disastrous" for Pakistan to approaches the International Monetary Fund (IMF) for seeking another bailout. He also claims that the Fund is an "instrument of imperialist powers", which they use for their interest. Should we take it as a breaking news? What else Pakistans government should do. Will Zardari and Faryal Talpur, Nawaz Sharif and his family and Ishaq Dar and his sons with their assets running into multi-billion Dollars bail out Pakistan? Will, besides commenting on financial aspects, play any positive role?
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Aug 06, 2018 07:02pm
What is the credibility of Mr. Rabani on financial and economic front.
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Aug 06, 2018 07:11pm
Government of PPP and PMLN are disastrous to Pakistan.
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Aug 06, 2018 07:18pm
Look who is talking !
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Aug 06, 2018 07:27pm
He needs to keep his mouth shut. He is allied with Zardari who is also responsible for theft and debt entrapment. He is guilty.
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Aug 06, 2018 07:46pm
There definitely must have been an earthquake that he just woke up.All the Export and Imports that Pakistan does
with the Western Countries have overnight become Imperialists?All developing countries take Loans.It is not
begging as some people loosely like to call it.
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Aug 06, 2018 07:47pm
Agree with Rabbani, Pakistan must stay away from toxic IMF.
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Aug 06, 2018 07:51pm
Commentary by a failure.
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Aug 06, 2018 07:58pm
Getting a loan from IMF is not a right but a privilege.
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Aug 06, 2018 07:59pm
No Thanks to your Fav PMLN who screwed up this country and finance.
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Aug 06, 2018 08:21pm
So now suddenly you have become an expert on finances. If your Chairman Co Chairman and yourself bring all the looted money back from Pakistan to Pakistan we would never go to IMF.
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Aug 06, 2018 08:25pm
Coming to your boss might solve the country's problems in a better way. It will be just a case of returning the looted and plundered money back.
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Aug 06, 2018 08:35pm
Plz giv some portion of zardaris looted money from uae swiss and other asian wealth so we can save ourselves from imf
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Aug 06, 2018 08:55pm
Thank you tried and tested politicians for showing us these days.
By the way, Mr.Champion of democracy, did you give any advice to your boss who like Nawaz Sharif was also indulged in looting and plundering money of this nation?
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Aug 06, 2018 09:36pm
Zardari and Nawaz government have really left Pakistan in an economics in a mess, all the while misleading us, that we we're doing well. That's why we need honest leaders, who tell us the truth.
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Aug 06, 2018 09:39pm
IK in a BOL tv press conference explained the 7 point where we were misled. Asad Umar elaborated of how they will tackle each problem, one by one.
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Aug 06, 2018 09:40pm
Zardari and Nawaz we're carrying out US agenda to put us in an corner economically and then to accept US dictates, out of necessity.
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Aug 06, 2018 09:48pm
I would suggest the worthy newspaper to share these comments with Mr rabbani. May be he feels some shame
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Aug 06, 2018 09:52pm
Does Raaza Rabbani has any real, fact based and substantiated alternatives to the IMF Loan to keep the country solvent? Or, he just likes publicity and listening to himself talk?
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Aug 06, 2018 09:53pm
I did NOT hear Raza Rabbani offer any alternatives. Did you?
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Aug 06, 2018 09:55pm
opposition always sound genious because people are fools.same with Imran or rabbani.Wait and see what Imran does when he come to power.In opposition he was genious
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Aug 06, 2018 10:28pm
Could someone please explain what is the road belt project or the C P economic corridor? Some how or the other I find it is to help the Chinese reduce the cost of exporting or importing their goods. How will Pakistan benefit? If you say Pakistan gets a percent of all goods using our highway, then it is not plausible. Pakistan has to pay to build the roads by taking a loan and then Pakistan has to pay it back!!! Pakistan allowed them to build Gwadar port and after building it they want to give Pakistan a measly 6% from the profit. In other words if there is no profit according to the Chinese then Pakistan does not get anything!!!!! Where is the benefit for Pakistan.
Can someone explain it to the people of Pakistan and myself.
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Aug 06, 2018 10:37pm
What is(was) the hurry to borrow so much in the name of CPEC from China? Why couldn't this wait till the economic conditions improved? CPEC is not a game changer now is it?
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Aug 06, 2018 10:45pm
Though Mr Rabbani is strongly advocating Pakistan not to approach IMF but he has failed to suggest any alternative to tide over this unprecedented financial crisis faced by the country.
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Aug 06, 2018 11:17pm
100% agree M Ayub
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Aug 06, 2018 11:17pm
Also let me add rabbani and company are confusing all this matter so country get more in trouble then they can blame pti
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Aug 06, 2018 11:37pm
why doesn't mr Rabbani persuade zardari and his other PPP looters to bring back all the money they have looted and transferred outside- THEN we wont need to go to the IMF
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Aug 07, 2018 12:41am
Rabbani saab
You should demand mr zardari for return of people’s looted money from Swiss accounts
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Aug 07, 2018 12:45am
Wish you had criticized previous govt policies PPP PMLN that had lead to this scenario.
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Aug 07, 2018 01:43am
Please give some alternate suggestions instead of just crticising
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Aug 07, 2018 02:12am
What an advice after Plundering the country for 5 years by two champions of democracy
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Aug 07, 2018 02:20am
Rabbani Sahib, Politicians (Nawaz Sharift and Zardari Sb. ) has done so much corruption and looted in billions. There is no other way for this poor country except begging infront of international community.
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Aug 07, 2018 02:58am
Yeah need 12 billion today thanks to PPP and PML(N) govts. who put Pakistan at this position so these 2 parties leaders have no rights to give any advise to anyone. Instead these 2 parties should return Billions of dollars which was stolen from their party leaders.
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Aug 07, 2018 03:32am
Mr Rabbani, the truth is that the country would not need IMF assistance if people like Zardari and the Sharifs didn't plunder the country's resources into their own pockets....
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Aug 07, 2018 05:00am
@Sarim who is rabbani?
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Aug 07, 2018 05:04am
What have you been doing all these years? Raking in the Jolly Greens and now when someone else will do the heavy lifting for your corruptions you have all of a sudden become sagacious and sanctimonious.
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Aug 07, 2018 05:11am
Why didn't you raise your voice when your government or PMLN was borrowing for the last 3 decades??
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Aug 07, 2018 05:52am
Raza Rabbani and the PPP are the last people on this earth to give the new government any advise on finances, Mr. Rabbani is intentionally forgetting what a big financial mess his party had left the last time they were in power. PML-N didn't exactly do the people of Pakistan any favors either.
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Aug 07, 2018 05:57am
What was disastrous was letting PPP and PML-N rule one after the other and turned Pakistan into not a financially failed country, loan after loan, and now they want to tell us its not a good idea to get another bailout. What other choce have your parties left the future governments.
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Aug 07, 2018 06:03am
There is no other way. Or if all stolen funds are returned by previous Govt. then it would look better to address as such.
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Aug 07, 2018 07:02am
@Dr. Salaria, Aamir Ahmad then what is the solution? Take more loans from China?
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Aug 07, 2018 09:28am
Just open a bank account in favour of Government of Pakistan, request general public (each individual whether earning or not earning) to deposit PKR 100.00 every month in the same account, we are the nation of above 200 Million population, just imagine PKR 20,000,000,000.00 coming every month to the government to ease up the pressure on economy and will divert the suspected bowing to IMF.....
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Aug 07, 2018 02:57pm
Look who just woke up?...
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Aug 07, 2018 03:04pm
@Dr. Salaria, Aamir Ahmad Why do you always end up on the wrong side of the logic and reason?
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Aug 07, 2018 03:25pm
This is easier said than done. It is not going to be easy for Mr Imran Khan to bail out as the strong opposition will defy and deny every possible solution to the mega problem.. Being in opposition Mr Imran Khan has enjoyed the fruits of criticizing without any accountability. Now the camel has come under the mountain.
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Aug 07, 2018 04:37pm
@Maria enteparia onnuchoriu : They are not ripe yet.
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Aug 07, 2018 05:21pm
He should have first told this to Bhuto's government and also Benazir Bhuto. Corrupt mafia
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Aug 07, 2018 06:53pm
Getting Imran to go to the IMF for a loan is the ruse of pro-US Pakistanis to place Pakistan under US control. Imranshould look only to China for help.
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Aug 07, 2018 07:07pm
People are really sick and tired of these old dead woods, they still continue to cling on like leeches in the power corridors.they want to bare the nation right up to its bones, this elections the masses didn’t clean up these houses with scrubs and bleach or else these leeches would have been eradicated. hopefully next time around the masses would ensure that all traces of them are cleared and clean.
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Aug 07, 2018 07:39pm
Excellency Mian Saheb: "instrument of imperialist powers". It had always been . . . . . .
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Aug 07, 2018 10:47pm
Rabbani’s actions do not match his talk. If his boss Asif Zardari brings the money stolen from Pakistan back to the country , then of course we will not need IMF.
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Aug 07, 2018 11:23pm
The last 10 years of democratic government has been disastrous for Pakistan!
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Aug 08, 2018 01:20am
@Tahir: "@Dr. Salaria, Aamir Ahmad Why do you always end up on the wrong side of the logic and reason?"
How true!
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Aug 08, 2018 06:01am
If the care taker finance minister was reaching beyond her mandate why are you meddling in affairs where no one has asked for your opinion, you are just another partisan politician who is ready do opposition for its own sake. New government has even taken oath of office and you are there with your obstructionist agenda.
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Aug 08, 2018 07:12am
Who cares about Raza Rabani? Who is he to say that? Even his party dumped him in the senate elections!
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Aug 08, 2018 11:03am
@Zak, Even during Zia and Musharaff time, Pakistan approached IMF. Then, why blame Zardari and NS?
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